Binance Labs, the venture capital and incubation arm of Binance, the world’s leading cryptocurrency exchange, made a new statement. He announced that he has a new altcoin investment. Here are all the details…
Binance invested in altcoins
Binance Labs, the investment arm of Binance, recently announced a strategic investment in Arkham’s native token, ARKM. Arkham, an AI-powered Blockchain intelligence and data platform, is gaining attention in the crypto industry with its mission to anonymize blockchain transactions and improve self-regulation. Arkham’s groundbreaking platform leverages its proprietary AI engine, ULTRA, to algorithmically match addresses with real-world entities. This allows users to visualize anyone’s blockchain transactions through Arkham’s intelligence platform. Thus, it provides detailed information and visualization tools for on-chain activity.
One of Arkham’s notable achievements is the launch of the Arkham Intel Exchange, the world’s first on-chain intelligence exchange. This decentralized intelligence economy facilitates matching of buyers and sellers of Blockchain intelligence at scale. Users who contribute to the platform’s intelligence can receive value for their work through the ARKM token, which powers trades and rewards within the ecosystem.
Coin rose 30 percent
Arkham’s unique approach to encouraging intelligence production is the “Intel-to-Earn” program. This initiative promotes the production of intelligence as a public good through rewards and auctions. The platform also includes the DATA Program, a reward system for users who submit intelligence used to train ULTRA, Arkham’s proprietary AI engine. ARKM is no stranger to Binance. Because it was launched on Binance’s Launchpad in July. The coin is trading up nearly 30 percent at the time of writing. It managed to rise from $0.43 to $0.60 per day. Currently, it is changing hands at $0.5909.
Arkham’s transformative technology takes raw Blockchain beyond transaction information to provide a clear view of assets using cryptocurrencies and their activities. The platform contributes to increased transparency in the crypto industry by providing important intelligence to exchanges, trading firms and individuals. Arkham’s platform can be used for a variety of purposes, such as tracking stolen funds, identifying fraudsters, verifying counterparties, auditing transactions, investigating attacks, and more. Arkham claims that its platform can help combat the proliferation of crypto crimes and scams by encouraging on-chain research.
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